For those interested in luxury properties, both Downtown and Argenta have experienced notable activity in recent months. The following report provides an overview of recent sales, current listings, and market trends in these areas.
Recent Sales Activity
In Downtown, a penthouse unit at 300 Third Tower sold for $1.2 million in May. This property featured three bedrooms, three bathrooms, and panoramic views of the city skyline. The sale marks one of the highest recorded prices for a condominium in the area this year.
Meanwhile, Argenta saw the sale of a renovated historic home on Maple Street for $950,000 in April. The residence, built in 1910, includes four bedrooms and a restored carriage house. According to local agents, this transaction reflects growing demand for updated historic homes in the neighborhood.
Current Listings
As of June, Downtown offers several luxury properties on the market. Listings include a 2,500-square-foot loft at River Market Tower priced at $875,000 and a two-story penthouse at 300 Third Tower listed for $1.3 million. These homes feature amenities such as private terraces, floor-to-ceiling windows, and access to on-site fitness centers.
In Argenta, available luxury homes include a five-bedroom Craftsman-style house on Main Street listed at $1.1 million. The property features a gourmet kitchen, original hardwood floors, and a landscaped backyard. Another notable listing is a modern townhouse on Broadway Avenue, priced at $825,000.
Market Trends
Real estate professionals report that demand for luxury properties in both Downtown and Argenta remains steady. Inventory levels are described as moderate, with buyers showing interest in both new developments and renovated historic homes. Agents note that proximity to dining, entertainment, and riverfront parks continues to attract buyers to these neighborhoods.
According to market data, the average time on market for luxury homes in Downtown is approximately 60 days, while in Argenta it is closer to 45 days. Sale prices have remained stable, with minor fluctuations attributed to property-specific features and location.
Outlook
Industry observers expect continued interest in luxury real estate in Downtown and Argenta throughout the summer. New projects and ongoing revitalization efforts are anticipated to support property values and attract additional buyers seeking upscale urban living.
